Former Austrian Foreign Minister Karin Kneissl stated that Europe's energy sector development is driven by ideology rather than science or technology. Speaking at an event in Vienna, she argued that "climate ministers" prioritize "green" solutions without addressing energy security or the ethical sourcing of raw materials for renewables.
The UK government's climate policy is criticized for its authoritarian approach, failing to communicate effectively with the public and instead resorting to coercion, undermining trust and potentially hindering climate action.
Leaked documents reveal BHP has delayed decarbonization efforts despite public commitments, benefiting from $622m in diesel tax credits while paying only $9m under Australia's safeguard mechanism.
Canada's climate strategy is being dismantled under Prime Minister Carney, who has reversed key policies like the consumer carbon price and weakened regulations. Despite past advocacy for climate action, his government is prioritizing investment and fossil fuel infrastructure, leading to criticism and voter remorse.
Canada's climate strategy is being dismantled under Prime Minister Carney, with policies like carbon pricing, methane regulations, and EV mandates weakened or delayed. Critics argue this favors fossil fuel infrastructure and contradicts his past climate advocacy, leading to voter remorse and environmental concerns.
WPP accused of breaching its climate policy after report reveals firm linked to twice as much oil advertising as US rivalsA British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.London-based WPP was the leading advertising group serving the US’s oil industry over the past decade, according to analysis by the climate investigations platform DeSmog. The figure is nearly twice the respective amounts linked to its US rivals Omnicom and Interpublic Group (IPG), which merged in November. Continue reading...
NatWest chair Rick Haythornthwaite faced investor backlash at the bank's annual shareholder meeting in Edinburgh, which was temporarily suspended after Extinction Rebellion protesters interrupted with a song to the tune of Frère Jacques. Shareholders criticized the bank's recent decision to drop a commitment not to lend to oil and gas companies lacking credible transition plans. The Church of England pension board voted against Haythornthwaite's re-election, while Share Action representing $1.4tn in assets called for a meeting within three months. Haythornthwaite was re-elected with 92% support — the lowest approval among 25 resolutions — and defended the policy changes as a "pragmatic middle road". Union representatives also raised concerns about executive pay versus staff wages.
NatWest faces investor revolt at Tuesday's AGM in Edinburgh as campaigners demand protest votes against chair Rick Haythornthwaite. Investors controlling $1.4tn in assets and 70 climate scientists oppose the bank's recent rollback of fossil fuel lending restrictions, including dropping commitments to avoid lending to oil and gas companies lacking credible transition plans.
The surge in oil and gas prices caused by the Iran conflict has significantly narrowed the cost disparity between green and grey hydrogen, potentially accelerating the adoption of clean fuel across Asia.
